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Today’s topic is one that can be hard to think about but is crucial for anyone managing a practice: embezzlement. We’re calling today’s episode “Meet the Four Embezzlers Lurking in Plain Sight: A Guide for Savvy Physicians.” Why focus on this? Well, physician practices have unique vulnerabilities that make them especially appealing targets for embezzlers, and the impact of financial theft goes far beyond just the dollars lost.

Imagine this: a small family medicine practice, tight-knit team, trusted office manager who’s been with the clinic for years. But behind the scenes, small amounts of money are disappearing month by month. Sometimes, it’s cash payments that never make it to the deposit, or maybe the credit card bills include strange charges that no one noticed—until it’s too late. By the time the theft is discovered, thousands of dollars are gone, patient trust is damaged, and morale among staff hits rock bottom. For more than 82% of practices, unfortunately, this story isn’t hypothetical.

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Episode 101: Meet the Four Embezzlers Lurking in Plain Sight: A Guide for Savvy Physicians

Medical Money Matters with Jill Arena